3. Using diagrams, show the distribution of the tax burden on consumers and producers with i. elastic demand ii, inelastic demand iii elastic supply

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Chapter6: Supply, Demand And Government Policies
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3. Using diagrams, show the distribution of the tax burden on consumers and
producers with
i. elastic demand
ii. inelastic demand
ii elastic supply
Transcribed Image Text:3. Using diagrams, show the distribution of the tax burden on consumers and producers with i. elastic demand ii. inelastic demand ii elastic supply
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